50 New River Rd, Lincoln, RI 02838
For Sale
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This exceptional commercial property, located at 50 New River Road in Lincoln, Rhode Island, presents a unique investment opportunity. The 1.43-acre lot boasts a 62,290 square foot parcel situated directly on the Blackstone Valley Bike Path, offering high visibility and accessibility. The property includes a single-story, 1900-built building featuring two units totaling 2200 square feet of office and storage space. Recent upgrades include a new HVAC system and updated office space, ensuring immediate functionality. Ample parking is available on-site, and the property offers significant potential for expansion. The property is zoned MG05, allowing for a variety of commercial and retail uses. A Level 1 Environmental Inspection has been completed and is available for review upon request. This property is one of the few remaining in Northern Rhode Island with this zoning designation, making it a rare and highly desirable acquisition. The combination of its location, size, and recent improvements makes this an ideal investment for businesses seeking a versatile and well-maintained space in a thriving area. The property's proximity to the bike path also presents unique marketing and branding opportunities.
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Parts Unlimited Direct Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
MG05 · Manville, RIManville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.